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PUBLISHER: IMARC | PRODUCT CODE: 1347578
PUBLISHER: IMARC | PRODUCT CODE: 1347578
Industrial Lighting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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PAGES: 141 Pages
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Market Overview:
The global industrial lighting market size reached US$ 8.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.0 Billion by 2028, exhibiting a growth rate (CAGR) of 4.95% during 2023-2028.
Industrial lightings refer to lighting systems typically found in the manufacturing environment for providing ample illumination to spot or identify hazards. They are commercially available in varying types, such as light-emitting diode (LED), high-intensity discharge (HID) and halogen lighting. These lightings are flexible, heat-resistant, inhibit ultraviolet (UV) radiation, and they have the ability to withstand frequent switching, while consuming minimal energy as they are energy-efficient. On account of these properties, these lighting solutions find its extensive application in automotive, oil and gas, and pharmaceuticals industries.
Industrial Lighting Market Trends:
The significant expansion across various industrial sectors, along with the rising need for energy-efficient lighting solutions, represents one of the prime factors driving the industrial lighting market growth. In line with this, the favorable initiatives undertaken by the government bodies for various countries for the implementation of light-emitting diode (LED) industrial lighting in the commercial sector due to the increasing consciousness amongst the consumer regarding its various beneficial properties is acting as another growth-inducing factor. Moreover, the introduction of new light illuminating solutions, such as fluorescent and high-intensity discharge (HID), for promoting longevity, optimizing energy efficiency and maintaining costs by delivering a shorter return on investments (ROI) is contributing to the market growth. The rapid technological advancements and the integration of the Internet of Things (IoT), remote-controlled and Wi-Fi controlled lighting solutions are further providing an impetus to the market growth. Additionally, the extensive utilization of industrial lighting in the warehouses, cold storage, production lines, and parking areas to ensure safety and security is positively stimulating the market growth. Other factors, such as the escalating trend of smart industrial spaces, along with strategic collaborations between top players for launching advanced industrial lighting solutions, are creating a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global industrial lighting market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, light source, offering, type and application.
Breakup by Product Type:
High/Low Bay Lighting
Flood/Area Lighting
Breakup by Light Source:
LED
High-Intensity Discharge (HID) Lighting
Fluorescent Lighting
Breakup by Offering:
Lamps & Luminaries
Control Systems
Services
Breakup by Type:
New Installation
Replacement Installation
Retrofit Installation
Breakup by Application:
Warehouse & Cold Storage
Factory & Production Lines
Outer Premises
Parking Areas
Hazardous Locations
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Acuity Brands Inc., Bajaj Electricals Ltd. (Bajaj Group), Dialight plc, Eaton Corporation PLC, Elba SA, Emerson Electric Co., GE Current a Daintree Company, LSI Industries Inc., OSRAM Opto Semiconductors GmbH (OSRAM GmbH), Panasonic Corporation, Wipro Lighting and Zumtobel Group.
Key Questions Answered in This Report:
- How has the global industrial lighting market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global industrial lighting market?
- What are the key regional markets?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the light source?
- What is the breakup of the market based on the offering?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global industrial lighting market and who are the key players?
- What is the degree of competition in the industry?
Product Code: SR112023A5790
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Industrial Lighting Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product Type
- 6.1 High/Low Bay Lighting
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Flood/Area Lighting
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Light Source
- 7.1 LED
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 High-Intensity Discharge (HID) Lighting
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Fluorescent Lighting
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Offering
- 8.1 Lamps & Luminaries
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Control Systems
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Services
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
9 Market Breakup by Type
- 9.1 New Installation
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Replacement Installation
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Retrofit Installation
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
10 Market Breakup by Application
- 10.1 Warehouse & Cold Storage
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 Factory & Production Lines
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
- 10.3 Outer Premises
- 10.3.1 Market Trends
- 10.3.2 Market Forecast
- 10.4 Parking Areas
- 10.4.1 Market Trends
- 10.4.2 Market Forecast
- 10.5 Hazardous Locations
- 10.5.1 Market Trends
- 10.5.2 Market Forecast
- 10.6 Others
- 10.6.1 Market Trends
- 10.6.2 Market Forecast
11 Market Breakup by Region
- 11.1 North America
- 11.1.1 United States
- 11.1.1.1 Market Trends
- 11.1.1.2 Market Forecast
- 11.1.2 Canada
- 11.1.2.1 Market Trends
- 11.1.2.2 Market Forecast
- 11.1.1 United States
- 11.2 Asia-Pacific
- 11.2.1 China
- 11.2.1.1 Market Trends
- 11.2.1.2 Market Forecast
- 11.2.2 Japan
- 11.2.2.1 Market Trends
- 11.2.2.2 Market Forecast
- 11.2.3 India
- 11.2.3.1 Market Trends
- 11.2.3.2 Market Forecast
- 11.2.4 South Korea
- 11.2.4.1 Market Trends
- 11.2.4.2 Market Forecast
- 11.2.5 Australia
- 11.2.5.1 Market Trends
- 11.2.5.2 Market Forecast
- 11.2.6 Indonesia
- 11.2.6.1 Market Trends
- 11.2.6.2 Market Forecast
- 11.2.7 Others
- 11.2.7.1 Market Trends
- 11.2.7.2 Market Forecast
- 11.2.1 China
- 11.3 Europe
- 11.3.1 Germany
- 11.3.1.1 Market Trends
- 11.3.1.2 Market Forecast
- 11.3.2 France
- 11.3.2.1 Market Trends
- 11.3.2.2 Market Forecast
- 11.3.3 United Kingdom
- 11.3.3.1 Market Trends
- 11.3.3.2 Market Forecast
- 11.3.4 Italy
- 11.3.4.1 Market Trends
- 11.3.4.2 Market Forecast
- 11.3.5 Spain
- 11.3.5.1 Market Trends
- 11.3.5.2 Market Forecast
- 11.3.6 Russia
- 11.3.6.1 Market Trends
- 11.3.6.2 Market Forecast
- 11.3.7 Others
- 11.3.7.1 Market Trends
- 11.3.7.2 Market Forecast
- 11.3.1 Germany
- 11.4 Latin America
- 11.4.1 Brazil
- 11.4.1.1 Market Trends
- 11.4.1.2 Market Forecast
- 11.4.2 Mexico
- 11.4.2.1 Market Trends
- 11.4.2.2 Market Forecast
- 11.4.3 Others
- 11.4.3.1 Market Trends
- 11.4.3.2 Market Forecast
- 11.4.1 Brazil
- 11.5 Middle East and Africa
- 11.5.1 Market Trends
- 11.5.2 Market Breakup by Country
- 11.5.3 Market Forecast
12 SWOT Analysis
- 12.1 Overview
- 12.2 Strengths
- 12.3 Weaknesses
- 12.4 Opportunities
- 12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
- 14.1 Overview
- 14.2 Bargaining Power of Buyers
- 14.3 Bargaining Power of Suppliers
- 14.4 Degree of Competition
- 14.5 Threat of New Entrants
- 14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
- 16.1 Market Structure
- 16.2 Key Players
- 16.3 Profiles of Key Players
- 16.3.1 Acuity Brands Inc.
- 16.3.1.1 Company Overview
- 16.3.1.2 Product Portfolio
- 16.3.1.3 Financials
- 16.3.1.4 SWOT Analysis
- 16.3.2 Bajaj Electricals Ltd. (Bajaj Group)
- 16.3.2.1 Company Overview
- 16.3.2.2 Product Portfolio
- 16.3.2.3 Financials
- 16.3.2.4 SWOT Analysis
- 16.3.3 Dialight plc
- 16.3.3.1 Company Overview
- 16.3.3.2 Product Portfolio
- 16.3.3.3 Financials
- 16.3.4 Eaton Corporation PLC
- 16.3.4.1 Company Overview
- 16.3.4.2 Product Portfolio
- 16.3.4.3 Financials
- 16.3.4.4 SWOT Analysis
- 16.3.5 Elba SA
- 16.3.5.1 Company Overview
- 16.3.5.2 Product Portfolio
- 16.3.6 Emerson Electric Co.
- 16.3.6.1 Company Overview
- 16.3.6.2 Product Portfolio
- 16.3.6.3 Financials
- 16.3.6.4 SWOT Analysis
- 16.3.7 GE Current, a Daintree Company
- 16.3.7.1 Company Overview
- 16.3.7.2 Product Portfolio
- 16.3.8 LSI Industries Inc.
- 16.3.8.1 Company Overview
- 16.3.8.2 Product Portfolio
- 16.3.8.3 Financials
- 16.3.9 OSRAM Opto Semiconductors GmbH (OSRAM GmbH)
- 16.3.9.1 Company Overview
- 16.3.9.2 Product Portfolio
- 16.3.9.3 SWOT Analysis
- 16.3.10 Panasonic Corporation
- 16.3.10.1 Company Overview
- 16.3.10.2 Product Portfolio
- 16.3.10.3 Financials
- 16.3.10.4 SWOT Analysis
- 16.3.11 Wipro Lighting
- 16.3.11.1 Company Overview
- 16.3.11.2 Product Portfolio
- 16.3.11.3 Financials
- 16.3.11.4 SWOT Analysis
- 16.3.12 Zumtobel Group
- 16.3.12.1 Company Overview
- 16.3.12.2 Product Portfolio
- 16.3.12.3 Financials
- 16.3.12.4 SWOT Analysis
- 16.3.1 Acuity Brands Inc.
Product Code: SR112023A5790
List of Figures
- Figure 1: Global: Industrial Lighting Market: Major Drivers and Challenges
- Figure 2: Global: Industrial Lighting Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Industrial Lighting Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Industrial Lighting Market: Breakup by Product Type (in %), 2022
- Figure 5: Global: Industrial Lighting Market: Breakup by Light Source (in %), 2022
- Figure 6: Global: Industrial Lighting Market: Breakup by Offering (in %), 2022
- Figure 7: Global: Industrial Lighting Market: Breakup by Type (in %), 2022
- Figure 8: Global: Industrial Lighting Market: Breakup by Application (in %), 2022
- Figure 9: Global: Industrial Lighting Market: Breakup by Region (in %), 2022
- Figure 10: Global: Industrial Lighting (High/Low Bay Lighting) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Industrial Lighting (High/Low Bay Lighting) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Industrial Lighting (Flood/Area Lighting) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Industrial Lighting (Flood/Area Lighting) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Industrial Lighting (LED) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Industrial Lighting (LED) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Industrial Lighting (High-Intensity Discharge (HID) Lighting) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Industrial Lighting (High-Intensity Discharge (HID) Lighting) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Industrial Lighting (Fluorescent Lighting) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Industrial Lighting (Fluorescent Lighting) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Industrial Lighting (Lamps & Luminaries) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Industrial Lighting (Lamps & Luminaries) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Industrial Lighting (Control Systems) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Industrial Lighting (Control Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Industrial Lighting (Services) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Industrial Lighting (Services) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Industrial Lighting (New Installation) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Industrial Lighting (New Installation) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Industrial Lighting (Replacement Installation) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Industrial Lighting (Replacement Installation) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Global: Industrial Lighting (Retrofit Installation) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Global: Industrial Lighting (Retrofit Installation) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Global: Industrial Lighting (Warehouse & Cold Storage) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Global: Industrial Lighting (Warehouse & Cold Storage) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Global: Industrial Lighting (Factory & Production Lines) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Global: Industrial Lighting (Factory & Production Lines) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Global: Industrial Lighting (Outer Premises) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Global: Industrial Lighting (Outer Premises) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Global: Industrial Lighting (Parking Areas) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Global: Industrial Lighting (Parking Areas) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Global: Industrial Lighting (Hazardous Locations) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Global: Industrial Lighting (Hazardous Locations) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Global: Industrial Lighting (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Global: Industrial Lighting (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: North America: Industrial Lighting Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: North America: Industrial Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: United States: Industrial Lighting Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: United States: Industrial Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Canada: Industrial Lighting Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Canada: Industrial Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Asia-Pacific: Industrial Lighting Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Asia-Pacific: Industrial Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: China: Industrial Lighting Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: China: Industrial Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Japan: Industrial Lighting Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Japan: Industrial Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: India: Industrial Lighting Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: India: Industrial Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: South Korea: Industrial Lighting Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: South Korea: Industrial Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Australia: Industrial Lighting Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Australia: Industrial Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Indonesia: Industrial Lighting Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Indonesia: Industrial Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Others: Industrial Lighting Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Others: Industrial Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Europe: Industrial Lighting Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Europe: Industrial Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Germany: Industrial Lighting Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Germany: Industrial Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: France: Industrial Lighting Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: France: Industrial Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: United Kingdom: Industrial Lighting Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: United Kingdom: Industrial Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Italy: Industrial Lighting Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Italy: Industrial Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Spain: Industrial Lighting Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Spain: Industrial Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 78: Russia: Industrial Lighting Market: Sales Value (in Million US$), 2017 & 2022
- Figure 79: Russia: Industrial Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 80: Others: Industrial Lighting Market: Sales Value (in Million US$), 2017 & 2022
- Figure 81: Others: Industrial Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 82: Latin America: Industrial Lighting Market: Sales Value (in Million US$), 2017 & 2022
- Figure 83: Latin America: Industrial Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 84: Brazil: Industrial Lighting Market: Sales Value (in Million US$), 2017 & 2022
- Figure 85: Brazil: Industrial Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 86: Mexico: Industrial Lighting Market: Sales Value (in Million US$), 2017 & 2022
- Figure 87: Mexico: Industrial Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 88: Others: Industrial Lighting Market: Sales Value (in Million US$), 2017 & 2022
- Figure 89: Others: Industrial Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 90: Middle East and Africa: Industrial Lighting Market: Sales Value (in Million US$), 2017 & 2022
- Figure 91: Middle East and Africa: Industrial Lighting Market: Breakup by Country (in %), 2022
- Figure 92: Middle East and Africa: Industrial Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 93: Global: Industrial Lighting Industry: SWOT Analysis
- Figure 94: Global: Industrial Lighting Industry: Value Chain Analysis
- Figure 95: Global: Industrial Lighting Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Industrial Lighting Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Industrial Lighting Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
- Table 3: Global: Industrial Lighting Market Forecast: Breakup by Light Source (in Million US$), 2023-2028
- Table 4: Global: Industrial Lighting Market Forecast: Breakup by Offering (in Million US$), 2023-2028
- Table 5: Global: Industrial Lighting Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 6: Global: Industrial Lighting Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 7: Global: Industrial Lighting Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 8: Global: Industrial Lighting Market: Competitive Structure
- Table 9: Global: Industrial Lighting Market: Key Players
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